'Gateway for Venture Business Listing'... Daejeon City Launches 7th IPO Program

Tailored IPO Support Including Consulting Provided to 19 Promising Companies

The event was attended by Woo-Yeon Kim, Director of Daejeon Technopark, representatives of 19 companies, the Korea Exchange Daejeon Innovation Center, and IPO specialist consultants. / Daejeon City

Daejeon City has launched an initiative to support the successful initial public offerings (IPOs) of promising local small and venture businesses.

On April 22, the city, together with Daejeon Technopark and KAIST, held the orientation for the 7th Local Business Listing Support (IPO & Scale-up) Program and officially began tailored IPO support for the 19 selected companies.

The 19 companies include promising businesses in a variety of fields such as AI, semiconductors, secondary batteries, and robotics, and they are expected to receive systematic support for IPO preparation going forward.

The Local Business Listing Support Program aims to discover regional small and venture businesses with outstanding technology and growth potential but facing difficulties in pursuing an IPO, and to help them scale up by entering the capital market.

Currently, Daejeon is home to 65 listed companies, including Alteogen, which has the highest market capitalization on KOSDAQ. Since the launch of the 8th popularly elected administration, 17 companies have gone public. Four companies that completed this program, including Orum Therapeutics and Erkos, have successfully listed, establishing the program as a gateway for innovative local venture companies to go public.

The selected companies will receive systematic and intensive support over the next 16 weeks, including: tailored IPO strategy development and consulting, enhancement of investor relations (IR) capabilities, analysis of industry and listing trends, and expert mentoring.

Choi Wonhyuk, Director of Business Support at Daejeon City, stated, "We will continue to develop robust programs so that high-potential companies leading Daejeon's future can turn their dream of an IPO into reality."